Altona Rare Earths Insiders Acquire 1.26M Shares at GBX 2

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On January 15, Cedric Simonet acquired 711,712 Altona Rare Earths shares at GBX 2 (£14,234) and Louise Adrian purchased 546,701 shares at GBX 2 (£10,934), totaling 1.26M shares for £25,168. Shares opened at GBX 1.26 Friday, below its 50-day average of 1.39 GBX and 200-day average of 1.63 GBX.

1. Insider Purchase by Cedric Simonet

On January 15, Cedric Simonet, a director at Altona Rare Earths, acquired 711,712 shares in a single transaction. The purchase represented a total outlay of £14,234.24, reinforcing his confidence in the company’s exploration strategy. Simonet’s holding increase now accounts for approximately 1.8% of the company's outstanding shares, up from 1.5% prior to the transaction.

2. Insider Purchase by Louise Adrian

On the same date, finance director Louise Adrian added 546,701 shares to her stake in the company, investing £10,934.02. Adrian’s total holdings have risen to just over 1.4% of issued share capital, reflecting continued executive alignment with shareholder interests amid ongoing project development.

3. Recent Financial and Market Metrics

Altona Rare Earths reported a loss per share of £0.0059 for the quarter ended September 30, marking a slight improvement from the prior period’s £0.0063 deficit. The company’s market capitalization stands at £4.05 million. Its valuation multiple remains negative due to ongoing exploration expenditures, while historical share price volatility has ranged between £0.0105 and £0.0276 over the past 12 months.

4. Key Project Updates and Outlook

Altona continues to advance its Monte Muambe rare earth deposit in Mozambique, where metallurgical test work confirms high-grade concentrations of critical minerals within a carbonatite-hosted system. Parallel copper and silver drilling at the Sesana permit in Botswana has yielded intersections averaging 0.6% copper over 12 meters. Management is also evaluating fast-track development of a fluorspar operation at Monte Muambe, targeting initial production in late 2026 pending permitting.

Sources

DD